V Zug Sustainability Profile
V-ZUG AG, a leading Swiss manufacturer of high-quality kitchen and laundry appliances, is headquartered in Zug, Switzerland (CH). Established in 1913, the company has built a strong reputation for innovation and precision in the home appliance industry, particularly in the realms of cooking, refrigeration, and washing solutions. V-ZUG's core products, including advanced ovens, steam cookers, and washing machines, are distinguished by their exceptional craftsmanship and energy efficiency. The brand is renowned for integrating cutting-edge technology with elegant design, catering to both residential and commercial markets. With a commitment to sustainability and user-centric innovation, V-ZUG has solidified its position as a market leader in Switzerland and beyond, consistently achieving accolades for its product excellence and design.
DitchCarbon Score
How does V Zug's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
V Zug's score of 71 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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V Zug's reported carbon emissions
In 2024, V-ZUG Holding AG reported total carbon emissions of approximately 343,979,000 kg CO2e, with emissions distributed across various scopes: 3,261,000 kg CO2e from Scope 1, 2,800,000 kg CO2e from Scope 2 (market-based), and a significant 339,979,000 kg CO2e from Scope 3. The Scope 1 emissions primarily stem from stationary combustion, while Scope 3 emissions are largely attributed to the use of sold products, which alone accounted for about 238,229,000 kg CO2e. V-ZUG has set ambitious climate commitments, aiming for an 80% reduction in both Scope 1 and Scope 2 emissions by 2030, using 2020 as the baseline year. This target is part of their broader strategy to achieve net zero emissions across all scopes by 2050. Additionally, they have committed to a 30% reduction in absolute Scope 3 emissions within the same timeframe. These targets align with the Science Based Targets initiative (SBTi), which has validated V-ZUG's near-term goals as consistent with the reductions necessary to limit global warming to 1.5°C. The company is actively working towards these goals, demonstrating a commitment to sustainability and climate responsibility in the consumer durables sector.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 3,997,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 262,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 227,000 | 000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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V Zug's Scope 3 Categories Breakdown
V Zug's Scope 3 emissions, which increased by 1% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 70% of Scope 3 emissions.
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V Zug's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
V Zug has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about V Zug's sustainability data and climate commitments